Berkshire Hathaway’s Cash Reserves Hit Record $277 Billion

Berkshire Hathaway, led by Warren Buffett, saw a 15% rise in after-tax operating profits for the latest quarter, driven by substantial gains from its investment in Apple.

The company, however, significantly reduced its Apple stake by 50%, offloading $50 billion worth of shares—about 390 million shares—in a bid to streamline its portfolio and increase its cash reserves.

This move resulted in impressive profits of $47.2 billion from Apple.

In total, Berkshire Hathaway has divested $76 billion in stocks, boosting its cash holdings to a record $277 billion, up from $189 billion the previous quarter.

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Despite repurchasing only $345 million worth of its own stock, the conglomerate’s insurance and other businesses have contributed to the profit increase.

Berkshire’s Class A shares dropped 0.9% to $641,435, while Class B shares fell 0.8% to $428.36. Despite this, Class A shares have gained 16% year-to-date, maintaining their status as the priciest stock globally per share, a reflection of Buffett’s strategy to discourage speculative trading.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.